Press Release: April 01, 2020
Cloud computing is the delivery of on-demand computing services such as a server, database, storage, analytics, intelligence, and software through the internet. Cloud computing eliminates the capital expenses of purchasing hardware or software, enhances the overall productivity, is highly reliable, and strengthens the security by protecting the data, apps, and infrastructure from potential threats. Most cloud computing services fall into three categories: Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS). Cloud computing is widely used for testing and building different applications, storing and analyzing data, and streaming audios & videos.
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The primary factor driving the growth of the UAE Cloud Computing market during the forecast period includes the growing demand for cloud computing technology driven by its data value extraction capabilities using advanced technologies such as blockchain and Artificial Intelligence (AI) in the UAE. The rising adoption of cloud computing across numerous industries such as BFSI, media & entertainment, hospitality, and retail & consumer goods, will drastically drive the demand for cloud computing technologies in the UAE over the coming years. In addition to this, the government has launched several initiatives, including the National Innovation Strategy aims to develop a culture of innovation among individuals and organizations, and the TRA Vision focuses on promoting electronic transformation while encouraging innovation across the UAE. These initiatives are mainly focusing on technological innovation, thereby boosting the usage of cloud computing technologies in the region. Moreover, the other initiatives such as UAE Vision 2021, Dubai Smart City, and Abu Dhabi Vision 2030, will accelerate the demand for real-time operations to transform public services & experience, thus increasing the adoption of cloud computing across the UAE. The increasing volume of data generation on website and mobile applications and the rising need to control and reduce Capital Expenditure (CAPEX) and Operational Expenditure (OPEX) will fuel the growth of emerging technologies including Artificial Intelligence (AI) and Machine Learning (ML). The increasing focus of multinational giants towards enhanced customer experience will propel technological development in the customer-centric applications for driving better customer satisfaction. This emerging demand for technological advancement will encourage the usage of cloud computing technologies in customer apps over the coming years. On the other hand, the rising data security concerns and the lack of skilled workforce in the market will hamper the growth of the UAE Cloud Computing market during the forecast period.
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Various notable players operating in the UAE Cloud Computing market include Amazon Web Services, Inc., Microsoft Corporation, Google LLC, Oracle UAE, IBM Middle East FZ LLC, Alibaba Cloud, Rackspace Inc., Salesforce.com, Inc., Adobe Inc., VMware, Inc., SAP Middle East FZ LLC, Fujitsu United Arab Emirates, among others.
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The UAE Cloud Computing market has been segmented based on Service Model, Deployment Model, Organisation Size, Workload, and Industry Vertical. Based on Service Model, the market is segmented into Infrastructure as a Service, Platform as a Service, and Software as a Service. Based on deployment model, the market is segmented into Public Cloud, Private Cloud, and Hybrid Cloud. Based on organisation size, the market is segmented into Small and Medium-Sized Enterprises, and Large Enterprises. Based on workload, the market is segmented into Storage, Backup, and Disaster Recovery, Application Development and Testing, Database Management, Business Analytics, Integration and Orchestration, Enterprise Resource Management, and Collaboration and Content Management. Based on industry vertical, the market is segmented into Banking, Financial Services and Insurance, IT and Telecommunications, Government and Public Sector, Retail and Consumer Goods, Manufacturing, Energy and Utilities, Media and Entertainment¸ Healthcare and Life Sciences, and Others.
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